Venora Lanka Power Panels to open Electric Assembly Plant in Australia
Expanding their footprint overseas Venora Lanka Power Panels (Pvt) Ltd based at the Export Processing Zone, Biyagama, will open their electric panel assembly plant in Australia.
“The company would be investing around 2 million Australian dollars for this operation and will provide around 100 employment opportunities,” said Chairman/ Managing Director, engineer Sagara Gunawardena. After setting up the electric panel assembly plant in Australia towards the end of this year we will export all our panels from Sri Lanka and that plant will do 30% value addition and sell them in the Australian market which has huge potential to expand more in the future. “
He said that getting into Australia to do business is very easy as there is no red tape and we did not have to get to several places for approvals. “The Sri Lanka Board of Investment should take a clue from the Australian BOI and simplify and quicken the approval process.”
He also said that the BOI should also look at upgrading the existing zones as most of them need more infrastructure. The BOI increased their land rentals and to compensate for this they should provide more services.
Venora Lanka provides power panels to mega projects in Sri Lanka and exports to Bangladesh, Maldives, Kenya, Ethiopia, Seychelles and Myanmar and brings in the much needed dollars to the country while providing employment for local professionals, especially engineers. These products are complying with IEC 61439 standards Company sources added: ‘The company is also into switch board assembling, telecommunication infrastructure installations, earthling, lighting and surge protection, incorporating world renowned brands.
Gunawardena added that Venora Lanka Power Panels is the first Sri Lankan company to receive the license, in accordance with the UK Trade Mark Act 1994, to use the trade mark “Best Enterprise”. It won a global award at the event, ‘Golden Awards for Quality and Business Prestige’, held in Geneva, Switzerland, in 2015.
‘Within a short span of time, with the perfect blend of progressive thinking and expertise, Venora Group has expanded to consist of Venora International Projects, Venora Telecom, Venora Industrial Solutions and Venora Lanka Power Panels (BOI approved). Further, Venora has established its overseas presence through Venora Engineering Kenya and Venora Engineering Myanmar.’
“We are well versed in undertaking most of the projects specially in high rise buildings. We have handled several overseas projects for famed clients like Hilton, Amari and top resorts in the Maldives and Seychelles too.